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ETF Outflows Hit February Lows: Macro Overrides the Supply Story
Audio is available on Spreaker — see link below.
Spot Bitcoin ETFs just posted their worst weekly outflows since February — 13,000 BTC gone in seven days — as a 6% PPI print triggered $527M in liquidations and exposed the limits of long-term holder support. Today's episode breaks down the macro override thesis, the leverage flush below $80K, and what the ETF demand reversal actually signals.
Audio is available on Spreaker — see link below.
Spot Bitcoin ETFs just posted their worst week of outflows since February. Thirteen thousand BTC left institutional products in a single week.
Here's what matters right now. The on-chain supply story hasn't changed.
The leverage setup made this worse. Bitcoin futures leverage peaked at fourteen point nine percent near resistance before the breakdown.
The ETF outflow number deserves its own attention. Thirteen thousand BTC in net weekly outflows is a reversal from a period when institutional inflows were cited as a primary demand driver.
Long-term holders have been absorbing volatility. That's real.
The two things worth tracking from here are the Fed's next signals on rate trajectory and whether ETF flows stabilize or extend into a second week of outflows. Sticky inflation data has already repriced the rate path once.
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